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Jan 1, 2013
01/13
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republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on ther
republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting...
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Dec 28, 2012
12/12
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to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >>> just hours ago hawaii's lieutenant governor became the country's newest senator. >> congratulations. >> thank you. >> 40-year-old brian schatz takes the place of long-time senator daniel inouye. inouye died just last week. schatz traveled from hawaii to washington aboard air force one with president obama last night. >>> former president george h.w. bush remains in intensive care tonight. a family spokesman says the 88- year-old is alert, in guarded condition and doing better since a cough
to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and...
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Jan 1, 2013
01/13
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the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house republican leaders are still huddling but they announced that they are going to call republicans back together. perhaps that is because they have an idea of the the game plan that they want to pursue after they heard for about an hour and a half this afternoon from their rank and file by all accounts there certainly is a lot of interpret pi dags and voting to simply approve what the senate passed last night not only overwhelmingly, 90% of the senate voted for it, but it passed overwhelmingly among the fellow republicans. again, the percentage is about 90% of senate republicans voted in favor of t
the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house...
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Dec 29, 2012
12/12
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he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie:
he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of...
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Jan 1, 2013
01/13
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WBAL
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boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that has her hospitalized. the clot is located in a vein in a space between the brain and the skull, near her right ear. it did not cause a stroke or neurological damage. doctors say she's making excellent progress. the blood clot is related to a concussion clinton suffered earlier this month. it was discovered during a follow-up exam on sunday. >>> from amazing fireworks displays to ancient traditions in polar plunges folks around the world marked 2013 in their own unique way. nbc's kirk gregory take ace look. >> reporter: the first major city to sell brit 2013 was auckland, new zealand. in australia, a seven-ton fire work's dis
boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that...
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Dec 29, 2012
12/12
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he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletalk about bad deal or no deal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen
he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of...
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Dec 24, 2012
12/12
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>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the follow-through, dennis. what is the reason for all of this? where are we heading? the president, nor the republicans have answered that question. dennis: thank you for being with us. dagen: chicago mayor is renewing a plan to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent i
>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the...
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. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late to
. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might...
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Jan 1, 2013
01/13
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>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the managing editor of the online journal the hill. and, so, bob what is the latest word you have as to what is going on and whether in fact john boehner can get his people together to vote for this? >> well, it is going to be very difficult. house republicans don't like the senate passed bill, even though it passed 89-8. it looks like the house will pass something to return it back to the senate. they'll amend it in some way, it looks like, because they don't like this $4 trillion price tag that just came out over the last ten minutes, cbo just released that. and this is just a tough vote for house conserva
>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the...
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Dec 26, 2012
12/12
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if we have a fiscal cliff deal, the kind the republicans were pushing through last week, it was really no government spending cuts for two years. additional revenue that would be raised was not very much. that would not cause a recession. however, if we got a deal where the president got $100 billion in additional taxes from upper income people and he got $100 billion in the immediate spending cuts as the republicans would want to match it, subtracting $2 billion it is a little over 1% of gdp. that would push us into a mild recession. unemployment was start to creep up. if we got the bigger than that, $300 billion in spending cuts and tax increases, that we would have a severe recession of the kind from which the economy could not easily recover. host: first call is lydia. caller: i had a question for the doctor morici. over the last four years, everything the president has tried to propose to get the country back to work, jobs he has proposed, the infrastructure and jobs programs, the republicans have a filibuster. they took an oath before he was sworn in to do everything to make sure
if we have a fiscal cliff deal, the kind the republicans were pushing through last week, it was really no government spending cuts for two years. additional revenue that would be raised was not very much. that would not cause a recession. however, if we got a deal where the president got $100 billion in additional taxes from upper income people and he got $100 billion in the immediate spending cuts as the republicans would want to match it, subtracting $2 billion it is a little over 1% of gdp....
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Dec 27, 2012
12/12
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tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works arranged an $8 million pay page for him. $8 million. that is more than the organization's entire annual budget in some years. over in the house, several tea party allies were recently stripped of their committee assignments by speaker boehner. so there are some problems there at the top. an influential conservative is lashing out. >> the tea party is going of to look at itself. it's been so helpful to the republican party in the past. it saved i by not going third party in 2010, helping the republicans sweep the house. but the tea party style of rage is not one that wins over convertes and makes people lean toward them and say, i w
tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works arranged an $8 million pay page for him. $8 million. that is more than the organization's entire annual budget in some...
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Dec 27, 2012
12/12
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FOXNEWSW
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republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying
republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back....
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Dec 27, 2012
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of debate on the fiscal cliff. the house should have passed a bill saying you cannot use money for medicare to finance obamacare. the plan to finance obamacare and the house should have passed a bill on that. or how about passing a bill that any reform of entitlements -- medicare and social security -- cannot involve taking away benefits from those on the system today and those about to go on the system. you can make good reforms to young people. they should have passed a tax simplification bill. host: next call comes from john in pennsylvania, republican line. caller: good morning. president eisenhower, the rate for the top taxpayers never went below 91%. now we cannot seem to get it up to 39%. in 2001, we had the largest budget surplus ever. 10 years later it would have the largest deficit ever. in 2001, we had $5 trillion in debt. we gained $10 trillion in debt in less than 10 years. $5 chilean was because of the bush tax cuts -- $5 trillion was because of the bush tax cuts. guest: there were numerous tax shelte
of debate on the fiscal cliff. the house should have passed a bill saying you cannot use money for medicare to finance obamacare. the plan to finance obamacare and the house should have passed a bill on that. or how about passing a bill that any reform of entitlements -- medicare and social security -- cannot involve taking away benefits from those on the system today and those about to go on the system. you can make good reforms to young people. they should have passed a tax simplification...
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Dec 31, 2012
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heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? heather: welcome back. a nationwide amber alert comes to an end after two missing boys from georgia are found and their father is arrested. benjamin cleary, he is there on the right, he is nine, and his brother henry is seven years old. investigators say their father, daniel cleary, abducted them after the boys visited him for christmas. police in austin, texas, described how
heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with...
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Dec 31, 2012
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to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the president today just now was really an emphasis that there are a lot of components here for democrats to like because their focus especially is on making sure that -- because i shoul
to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much...
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Dec 27, 2012
12/12
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republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying
republicans don't -- >> andrea: admit it. face calf cliff is not the fiscal cliff. it should be called returning to the clinton era tax rate. isn't that the democrats' dream? return to clinton era tax rates? >> juan: that was 39%. that is not a big deal. not comparable to rates under reagan or going back to clinton. clinton was 39%. >> eric: that is where we are going. what about this. every time boehner an obama get close to a deal, president obama moves the goalpost back....
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Dec 31, 2012
12/12
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FBC
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now he's got the fiscal cliff. blame the republicans. and the truth is, in the short-term, the g.o.p. gets the blame. and they deserve it a little bit. but in the long-term, things change. stuart: you are a republican strategist. why do you say that republicans deserve some of the blame short-term? >> well, they deserve it the same way everyone in washington deserves it. no one in washington is incentiveized to think about the long-term. everyone is thinking about the short-term. by the way we see this in the private sector as well where companies think about, you know, the next quarter and never think about the long-term. the problem is the government gets to kick this can down the road endlessly and it is our cans they are kicking. stuart: if you are a republican and you see a bad policy coming down the pike at you, and you're supposed to compromise with it, namely, raising tax rates on the rich, should you do that just to get along with the other side? just to get a deal? just to get some compromise? or should you stick with the princ
now he's got the fiscal cliff. blame the republicans. and the truth is, in the short-term, the g.o.p. gets the blame. and they deserve it a little bit. but in the long-term, things change. stuart: you are a republican strategist. why do you say that republicans deserve some of the blame short-term? >> well, they deserve it the same way everyone in washington deserves it. no one in washington is incentiveized to think about the long-term. everyone is thinking about the short-term. by the...
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Dec 24, 2012
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host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in indiana. caller: hi. i have a comment and a question. if they had police officers driving route near schools before the start and when they release, they should have an alarm system on every school. so as soon as the window broke, the alarm would have triggered. we know the 1% are not doing enough. when is it not fair on the other side of the equation? a ward of the state, now free health care. when does it-- stop? guest: everybody has their definition of fairness. we're always at shellac debates sense.own to dollars and cent how do you rate whether somebody is deserving poo
host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in...
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Jan 1, 2013
01/13
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senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >> reporter: well there are a total of 876 new laws in the books in our state and one is designed to protect homeowners trying to avoid foreclosure. this new law would prevent banks from starting the foreclosure basis and it will protect people going through alone modification. and you can still go ahead with the for close to our some time. it is now illegal to use facebook user i.d. and password to keep their jobs. colleges and user add mixes are also prohibited in doing the same thing and can no longer ask the students. driver less cars, pay paves the way and they are a bay area
senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >>...
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Dec 31, 2012
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right now on capitol hill we are hearing there is progress in the talks to avoid the fiscal cliff. we've heard this before and we are hours away from massive tax hikes and spending cuts set to kick in at midnight. republican senator lindseys joih all his thoughts on the matter. welcome, senator, great to have you here today. >> glad to be with you. uma: let's talk for a moment. we don't even have a deal yet and you're already conceding this is a victory for the president. why? >> it will be. i mean no republican wants to raise tax rates. in 2010 the president said we needed to extend all the bush tax cuts because the economy was week. in 2012 the last day he's pushing to raise tax rates. the economy is still weak. it's all politics, he won the election. he said he come pained on raising tax rates on americans who make mourn 250,000. at the end of the day he'll probably get that victory. it will be a hollow victory because raising tax rates is not going to help job creation and it's certainly not going to get us out of debt. here is the question i asked on "fox news sunday," what ar
right now on capitol hill we are hearing there is progress in the talks to avoid the fiscal cliff. we've heard this before and we are hours away from massive tax hikes and spending cuts set to kick in at midnight. republican senator lindseys joih all his thoughts on the matter. welcome, senator, great to have you here today. >> glad to be with you. uma: let's talk for a moment. we don't even have a deal yet and you're already conceding this is a victory for the president. why? >> it...
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off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. if by blessed y
off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with...
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>>trace: thank you, a.b., happy new year, a.b. >> we expect more details of the fiscal cliff negotiations throughout the day and well keep you posted if we get anymore word from the white house or capitol hill during "studio b" and of course we will have complete coverage as the story develops through the evening right here on fox news. also, secretary of state, hillary clinton, in the hospital with a condition that can be very, very serious, even deadly, with the latest information on her condition is coming up next. >>trace: secretary of state, hillary clinton, in the hospital this new year, getting treatment for a blood clot. the doctors in new york discovered the clot yesterday during a follow-up examination for a condition cushion that she suffered early this month. she was supposed to return to work this week. instead, the spokesman said she will remain in the hospital for at least the next several days. now more from the new york newsroom. david lee, how dangerous is this blood clot exactly? >>reporter: at this time, that is not clear. officials have not released specific informati
>>trace: thank you, a.b., happy new year, a.b. >> we expect more details of the fiscal cliff negotiations throughout the day and well keep you posted if we get anymore word from the white house or capitol hill during "studio b" and of course we will have complete coverage as the story develops through the evening right here on fox news. also, secretary of state, hillary clinton, in the hospital with a condition that can be very, very serious, even deadly, with the latest...
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and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the w
and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how...
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we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending cuts that would have affected the military and most federal agencies. now, that will have an impact. it means that there will be future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new cong
we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending...
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they are meeting but not working on anything fiscal cliff related. the house is coming back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president, leaders, to have some type of framework for democrats and republicans to vote on. right now we're not there, and so far both sides have taken to blaming one another. >> the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. rich: so senate democrats want the house to pass their proposal. it passe
they are meeting but not working on anything fiscal cliff related. the house is coming back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president, leaders, to have some type of framework for democrats and republicans to vote on. right now we're not there, and so...
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. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on collision, the accident happened near the river bridge on highway 12 east of rio vista. they have not released details about what caused the crash or if alcohol was involved. meanwhile law agencies are cracking down on drunk drivers and dui checkpoints were set up across the area and chp officers were patrolling the highways. the number of dui arrests were down compared to last year but new numbers for this year's crackdown should be released sometime today. >>> well new this morning, 2013 means california has certain new laws that take affect today. allie rasmus is joining us live from oakland with the details affected
. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on...
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so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform
so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal...
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on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series securities. so already, they are doing some maneuvering here financially to try to avoid that debtly limit. the treasury secretary says he doesn't know how much wiggle room they are going to have, given that all the fiscal cliff uncertainty is out there. >> eamon, on this idea that the house members get called back with 48 hours' notice. traders are looking for that headline if it happens almost that bleed out there or procedural moment where that is announced, so to speak? >> a good question. i have been in touch wit
on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series...
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two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while
two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for...
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it seems like that's oversold because if you look at just the impact of the so-called fiscal cliff, if we get to january 1st and no deal, i think there's a universal expectation that for 98% of the country, the income tax thing addressed within a week or two. neither democrats or republicans let that go completely. the amt is fixed basically every year. that's going to be fixed eventually. it looks like looking at the reports of the offer that obama is supposedly making this afternoon, going to tell republicans, yeah, you win on the estate tax if you take the offer and only thing talking about is the payroll tax. that's already obama apparently gave up on it two weeks ago and gone no matter what and only the refundables. >> yep. >> you're talking about hugely important to the working poor but for the vast majority of the country, it's almost ir el vant. we are just -- >> they aren't tax credits and what you fill out when you fill out your taxes which won't happen until 2014. if they're in effect, it costs the average family an extra $3,400 or so but in the first week, two weeks, actual
it seems like that's oversold because if you look at just the impact of the so-called fiscal cliff, if we get to january 1st and no deal, i think there's a universal expectation that for 98% of the country, the income tax thing addressed within a week or two. neither democrats or republicans let that go completely. the amt is fixed basically every year. that's going to be fixed eventually. it looks like looking at the reports of the offer that obama is supposedly making this afternoon, going to...
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some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that is they don't know that the world is going to come to an end in january when all these taxes go up. and without that fear it's harder to get a deal, when both sides have to give up so much that they are so emotionally attached tow. kelly: w to. kelly: we were talking toeho ise president. and the president would like to get back here. the president and speaker boehner have been negotiating to find a deal that both sides could agree to. the "wall street journal" reported the president threatened
some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something...
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. >>> they are going to have high level talks regarding the fiscal cliff. here is more from washington d.c. >> reporter: senate for harry reid is trying to get republicans on board with the president's latest offer including raising taxes on those making 400,000 a year not 250,000. senator harry reid will pass this plan and does not want to put it to a vote unless he knows it will pass the housement they want to avoid fitting the call. house speaker john boehner held a meeting with fellow gop leaders and said he would give them 48 hours before calling them back from their holiday vacation meaning saturday is the earliest time a fiscal vote could take place on this deal. treasury secretary tim geithner said the united states will hit the debt ceiling on monday unless he takes extraordinary measures. they believe it could force congress to come up with a deal before monday's deadline but some republicans are not as optimistic. live in washington, ktvu channel 2 morning news. >>> they set $2 billion for unit who made her first court appearance. she was drunk w
. >>> they are going to have high level talks regarding the fiscal cliff. here is more from washington d.c. >> reporter: senate for harry reid is trying to get republicans on board with the president's latest offer including raising taxes on those making 400,000 a year not 250,000. senator harry reid will pass this plan and does not want to put it to a vote unless he knows it will pass the housement they want to avoid fitting the call. house speaker john boehner held a meeting...
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juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ juliet: well-come back. 22 minutes past the hour. some quick headlines. everybody get ready to pay more in taxes. five new taxes g
juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my...
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after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the grounds of the nation's capital. he is in there right now briefing members of the democratic caucus about the details and here are some of those details. the sequester which is supposed to take place tonight the automatic spending cuts have been put off for two months to give democrats and republicans, the white house and congressional leaders time to work out a longer deal. but right now, they have one that will at least avoid the nation and the economy going off that so-called "fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge
after weeks of back-and-forth bickering we may have a deal on the "fiscal cliff." it is not literally the 11th hour but it's close. according to a democratic aide who says the white house has reached an agreement with congressional republicans, is essentially a done deal but let's get the latest. cbs reporter randall pinkston joins us live from capitol hill with the details. randall. >> reporter: brian, just minutes ago we saw vice president joe biden's motorcade arrive on the...
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"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects ma
"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be...
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one other thing from the president's speech, the fiscal cliff will end. now the super cliff in february and march. looks like a huge battle of the sequester. republicans want different spending cuts and debt ceiling on top of it. get ready for the super cliff? >> so you are saying today is just a band-aid. >> listen, the battle will be more fervent in the spring. it doesn't sound like they will delay it. that's an even bigger battle, i think. >> i think governor greg man u, some say he is partisan on the right, he had an op ad over the weekend. if we want to be a nation that gives people unlimited healthcare and social security no matter what you pay in, taxes have to go up on everybody. do you agree? >> answerly. tax absolutely. we can give reasonable benefits, controlled, smart spending with, do all those things and keep tax cuts at a reasonable rate. >> with the average single income household. let's say the man works, wife doesn't, or vice versa. it is $6 used versus every $1 paid in. 6-1. can clearly unsustainable. >> we need far more fundamental ref
one other thing from the president's speech, the fiscal cliff will end. now the super cliff in february and march. looks like a huge battle of the sequester. republicans want different spending cuts and debt ceiling on top of it. get ready for the super cliff? >> so you are saying today is just a band-aid. >> listen, the battle will be more fervent in the spring. it doesn't sound like they will delay it. that's an even bigger battle, i think. >> i think governor greg man u,...
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., lawmakers say negotiations are looking better to avoid going over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight.
., lawmakers say negotiations are looking better to avoid going over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs...
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the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist is standing in the way of this. not the rich people. but grover norquist. the man who says what the republicans can do. so i say to the speaker, take the escape hatch that we've left you. put the economic fate of the nation heafd your own fate as speaker of the house. millions of middle-class families are nervously watching and counting down the moments until their taxes go up. nothing can move forward in regards to our budget crisis unless speaker boehner and leader mcconnell are willing to participate in coming up with a bipartisan plan. speaker boehner is unwilling to negotiate, we have we've
the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist...
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"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomorrow afternoon with congressional leadership from both sides of the aisle. house this really a concussion -- >> you mean john bolton. >> i feel if s
"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life...
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on a solution for avoiding the fiscal cliff. that cliff is january 1st when automatic tax increases and deep spending cuts will take effect. the president arriving there, live pictures of air force one touching down. >>> and fears of a big eruption has forced some 300 families to flee their homes. authorities orderod vacant use after the volcano started spewing hot gas. >> traffic is partly open right now on highway one near big sur. a rock slide closed it down on sunday and cal trans has been rushing to make repairs. crews have one lane briefly open right now. they do that to let traffic through and then have to close it back down. another round of openings is scheduled for noon and then four. there is no word yet on when the roadway will reopen. >>> a water main break prompted city officials to turn off water service to nearly 400 homes. it happened early yesterday morning causing waist deep flooding in several areas. the water main break also created a sink hole that trapped a city bus. the driver escaped unhurt. o accept sid
on a solution for avoiding the fiscal cliff. that cliff is january 1st when automatic tax increases and deep spending cuts will take effect. the president arriving there, live pictures of air force one touching down. >>> and fears of a big eruption has forced some 300 families to flee their homes. authorities orderod vacant use after the volcano started spewing hot gas. >> traffic is partly open right now on highway one near big sur. a rock slide closed it down on sunday and cal...
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just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with...
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Dec 31, 2012
12/12
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CNBC
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes and we're then going to have some tough negotiation necessary terms of how we continue to reduce the deficit, grow the economy, create -- >> but this fight comes back. now, i want to ask you specifically about entitlements, medicare and social security. are you prepared in the first year of your second term to significantly reform those two programs, to go beyond the cuts you've suggested to benefits in medicare, that your own dead commission suggested you would have to do if you were going to shore up medicare at least? are you prepared to do that in your first year of a second term? >> what i've said is i am prepared to do everything i can to make sure that medicare and social security are there not just for this generation and for future generations. >> you have to talk tough to seniors. >> i already have. one of the proposals we made is something called change cpi which basically makes an adjustment in terms of how inflation is calculated on social sec
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes and we're then going to have some tough negotiation necessary terms of how we continue to reduce the deficit, grow the economy, create -- >> but this fight comes back. now, i want to ask you specifically about entitlements, medicare and social security. are you prepared in the first year of your second term to significantly reform those two programs, to go beyond the cuts you've suggested...
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Dec 27, 2012
12/12
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one is the fiscal cliff, which i still think is likely, likely we will go over. maybe 60% chance. there could belag-minute proposal if obama is somewhat generous, not as arrogant and offers something that a small number of republicans in the house could support. there is a scenario where you wouldn't go over the cliff. he proposes a slight compromise on the level at which you get the higher taxes, $400,000. extension of unemployment stops with that. essentially. then if boehner were to allow a free open vote, then you could get 180 democrats plus 30 republicans. it could happen. >> doug: voila. >> that is the only scenario. possible one. >> doug: sounds so easy. >> yeah. a lot of this stuff is in principle easy. remember, obama was never interested in solving the fiscal issues. he wanted to break the republicans. he did. there is no civil war on the republican side that makes him sovereign in washington. a great political achievement. the other event is the debt ceiling. happening on january 1. the delicious irony, he could go over the cliff. the debt ceiling is easier to stall, b
one is the fiscal cliff, which i still think is likely, likely we will go over. maybe 60% chance. there could belag-minute proposal if obama is somewhat generous, not as arrogant and offers something that a small number of republicans in the house could support. there is a scenario where you wouldn't go over the cliff. he proposes a slight compromise on the level at which you get the higher taxes, $400,000. extension of unemployment stops with that. essentially. then if boehner were to allow a...